Thread: REA is open
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Old 08-19-2019, 12:04 PM
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oldjudge oldjudge is offline
j'a'y mi.ll.e.r
 
Join Date: May 2009
Location: The Bronx
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Quote:
Originally Posted by calvindog View Post
I’m happy Jay consigned.
Hey Jeff! I hope you picked up some nice items.

As for closing method, my favorite is a live auction format. Start with Lot 1, fight it out, move on to Lot 2. Every on line closing method has issues. If I were running an auction house I would use a variation of LOTG’s closing. All lots with no bids in the last half hour close at 11PM EDT. All remaining lots close individually with a 5 minute rule. This eliminates the traffic jam at the end and has virtually everyone to bed by midnight.
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